Brown & Brown, Inc. (NYSE:BRO) Given Price Target Of $33.714


As per Brown & Brown, Inc. (NYSE:BRO)’s news release on 2016-04-19, its shareholders will get cash dividend of $0.1225 per share. The recent press release updated on the record date and payout date, which stands at 2016-05-09 and 2016-05-18, respectively.

The stock of Brown & Brown, Inc. (NYSE:BRO) will commence trading ex-dividend from 2016-05-05, until which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Brown & Brown, Inc. (NYSE:BRO) disbursed $0.478 in dividend compared to distribution of $0.41, a year ago. It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 10.3659%.

The past track record of five years substantiates that the average payout of Brown & Brown, Inc. (NYSE:BRO) stands at $0.381, implying 7.6846% growth. The company recorded earnings of $0.43 a share in the preceding fiscal.

The interim price target for Brown & Brown, Inc. (NYSE:BRO) is set at $33.714. This level is the mean price reached by averaging the stock views of 7 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate is seen at $39 and the lowest level is established at 30. This broad range highlights a standard deviation of $3.45 in reported estimates.

AlphaOne has allotted A sentiment score of -0.159 to Brown & Brown, Inc. (NYSE:BRO) while impact score assigned is 0 as on as on 2016-07-12.

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